ConsenSys and PayPal Collaborate on a New Crypto Purchase Method in MetaMask

Published on: 15.12.2022
New Crypto Purchase Method in MetaMask

ConsenSys, a market-leading Web3 company announced that U.S. MetaMask users will be able to purchase crypto (ETH) from within the app using PayPal.

This new crypto purchase method in MetaMask, is only for select U.S. users who can access this new functionality starting today, and it will be made available to all eligible U.S. customers in the ensuing weeks.

Integration Highlights

Initially available to select PayPal users in the U.S., this integration enables the seamless purchase and transfer of ETH from PayPal to MetaMask.

MetaMask is the world’s leading self-custodial wallet, the U.S. being among the top markets in terms of users. The MetaMask wallet is the primary way millions of users interact with applications that include NFT marketplaces, play and earn games, decentralized autonomous organizations (DAOs), decentralized finance (DeFi) applications, and metaverse worlds.

Lorenzo Santos, Product Manager for MetaMask, added, “This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem.” 

The MetaMask and PayPal integration is the latest in a series of announcements that aims to improve and diversify payment options for users within the MetaMask mobile app.

How to use MetaMask and PayPal

When using PayPal, add cryptocurrency to your MetaMask wallet:

  • Log in to the MetaMask mobile app.
  • Select “PayPal” after clicking or tapping the “Buy” button.
  • You will be directed to PayPal to log in. After entering the desired amount in dollars of Ethereum to add to your wallet.
  • Purchase your cryptocurrency through PayPal, or send it directly if you have enough ETH to cover the cost of the transaction.
  • Done! Now that you’ve successfully purchased cryptocurrency in MetaMask, you can easily explore Web3 while on the move.

About ConsenSys 

ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of InfuraQuorumCodefiMetaMaskMetaMask InstitutionalTruffleDiligence, and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On Ethereum’s trusted, open-source foundation, we are building the digital economy of tomorrow.

Website | Twitter

About Paypal

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure. The PayPal platform is empowering 429 million consumer and merchant accounts in more than 200 markets to join and thrive in the global economy.

Website | Twitter

SOURCE

https://consensys.net/blog/press-release/consensys-teams-with-paypal-for-a-new-way-to-buy-crypto-in-metamask/

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